Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains.
Picking alts for your portfolio, at this juncture, might be pretty daunting. However, analyzing correlation, profitability and ownership distribution might help.
Correlation
Historically, alts that have been more dependent on Bitcoin and…
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